CFPB Pay Fairness Act of 2020

CFPB Pay Fairness Act of 2020

This bill requires employees of the Consumer Financial Protection Bureau to be compensated according to the General Schedule pay scale for federal employees.

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 3368 Introduced in Senate (IS)]

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116th CONGRESS
  2d Session
                                S. 3368

To amend the Consumer Financial Protection Act of 2010 to set the rate 
of pay for employees of the Bureau of Consumer Financial Protection in 
                 accordance with the General Schedule.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                             March 2, 2020

   Mr. Enzi (for himself, Mr. Tillis, Mr. Sasse, Mr. Perdue, and Mr. 
   Barrasso) introduced the following bill; which was read twice and 
    referred to the Committee on Banking, Housing, and Urban Affairs

_______________________________________________________________________

                                 A BILL


 
To amend the Consumer Financial Protection Act of 2010 to set the rate 
of pay for employees of the Bureau of Consumer Financial Protection in 
                 accordance with the General Schedule.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``CFPB Pay Fairness Act of 2020''.

SEC. 2. RATE OF PAY FOR EMPLOYEES OF THE CONSUMER FINANCIAL PROTECTION 
              BUREAU.

    (a) In General.--Section 1013(a)(2) of the Consumer Financial 
Protection Act of 2010 (12 U.S.C. 5493(a)(2)) is amended to read as 
follows:
            ``(2) Compensation.--The rates of basic pay for all 
        employees of the Bureau shall be set and adjusted by the 
        Director in accordance with the General Schedule set forth in 
        section 5332 of title 5, United States Code.''.
    (b) Effective Date.--The amendment made by subsection (a) shall 
apply to service by an employee of the Bureau of Consumer Financial 
Protection following the 90-day period beginning on the date of 
enactment of this Act.
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